KEY POINTS
- Diamond Standard is already in talks with some retailers in the Philippines, Thailand, Vietnam and Hong Kong
- CARATS are a legal commodity, which means service providers don't need to secure money transfer licenses
- The CARATS can be offered in various locations such as grocery markets, pawnshops, and even regular storefronts
Diamond Standard Co., the developer of the world's "only regulated and market-traded natural diamond commodities" called CARATS, announced today that it is expanding to Asia and seeks agent locations across the region to establish a global remittance network that can rival money transfer networks in the region.
